For Sale

483 George Street, Central Elgin, Ontario N5L 1H1

$0

483 George Street, Central Elgin, Ontario N5L 1H1 is For Sale and has a listing price of 1,374,900. The property is located in the Central Elgin neighbourhood . It's been on the website for 1 Day.

  • Investment
    Property Type
  • 5
    Bathrooms
  • MLS ID: X12419290
  • Office Name RE/MAX CENTRE CITY REALTY INC.
Property Description

A One-of-a-Kind Investment Opportunity! Welcome to 483 George Street, a standout 5-unit rental property located in the prestigious Mitchell Heights neighbourhood of Port Stanley. Offering a fully operational investment opportunity, this property is perfect for those seeking immediate returns or investors looking to enter the high-demand short-term rental market.The property features five fully furnished suites, each with private entrances, and thoughtfully designed interiors that combine modern luxury with comfort. Every suite is equipped with gourmet kitchens, spa-inspired bathrooms, and high-end furnishings that create an inviting atmosphere for guests. The outdoor areas offer private seating spaces where guests can enjoy the peaceful ravine views and lush greenery surrounding the property. Additionally, there is an outdoor building currently used for storage with loads of potential. Whether you envision it as a common space for guests to enjoy or a separate unit/bunkie for additional rental income, the possibilities are endless. This property has a proven track record of high occupancy and continues to perform strongly in the Airbnb market. Guests are drawn to the serene setting, while also benefiting from the prime location just minutes from Port Stanleys beautiful beaches, downtown shops, and a variety of dining options. Whether guests are staying for a quick getaway or an extended stay, they appreciate the balance of tranquility and convenience. The property is metered on a single utility account, simplifying operations for the owner, and includes five dedicated parking spots for guest convenience. It is also zoned and licensed for short-term rentals, ensuring compliance and peace of mind for both the owner and renters. For investors or individuals seeking a prime income property in one of Port Stanley’s most desirable neighbourhoods, this offering presents an exceptional opportunity. With its charm, strong financial performance, and location, its a must-see.

Property Details
  • MLS ID: X12419290
  • Bathrooms: 5
  • Price: $1,374,900
  • Lot Depth: 374.57
  • Transaction Types: For Sale
  • Ref ID: X12419290
  • Year Built: N/A
  • Dir / Cross St: CARLOW ROAD
  • Status: Active
  • Tax Year: 2025
  • Approx Age: 51-99
  • Property Type: Investment
  • Property Type: Commercial
Price History
List Date MLS ID List Price Status End Date Closed Price
09/23/2025 X12421544 $1,374,900 For Sale - -
09/22/2025 X12419290 $1,374,900 For Sale - -
06/21/2025 X12237749 $1,688,000 For Sale - -
06/21/2025 X12237748 $1,688,000 For Sale 09/03/2025 -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Central Elgin
  • $1,197,863 Average List Price
    based on 1 year
  • 89 New Listings
    based on 30 days
  • 81 Median Days on Market
    based on 1 year
  • List vs. Selling Price 137.56 % Up
  • Sold (12mo) 147
  • Rented (12mo) 13

  • 1 Month Change -15.5%
  • 3 Month Change -10.1%
  • 6 Month Change -25.6%
Walkscore
Additional Details
  • Heat Type Gas Forced Air Open
  • Washroom Type1: 5
  • Garage Type Y
  • Parking Spaces: 5
  • Taxes: $5,539
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: FLEXIBLE
  • Listing Entry Date: 22/09/2025 17:36:51
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